It was another ugly week in U.S. equity markets.
Our call for Quad4 (i.e. Growth and Inflation slowing) in Q4 is taking hold of markets… fast. Hedgeye subscribers were proactively prepared for this market storm. (Month-to-date the S&P 500 is already down -5%.)
So what’s the next move? In the clip above, Hedgeye CEO Keith McCullough goes over some probable scenarios backed up by data, not politics or some other agenda.
While Quad 4 is a difficult environment to find long ideas, there are still sectors that out-perform others.
What’s one of the sectors McCullough says he could start liking very soon? Housing.
“Housing is one of the top three places you would go as you start to see bond yields stop going up and start to fall,” McCullough explains in the clip above. “While bonds yields are falling, being long housing is almost a no-brainer.”
Watch the full clip above for more.